U.S. stock index futures rose before the market, as government shutdown and earnings season became focus

U.S. stock market futures were higher before Monday's session. On the one hand, Wall Street has high expectations for this week's intensive release of blockbuster financial results, and on the other hand, it needs to digest the latest inflation data, all of which is happening against the backdrop of the continued shutdown of the U.S. government.
Dow JonesIndustrial Average futures (YM=F) rose 0.2%, while S & P 500 futures (ES=F) andNasdaq 100 futures (NQ=F) rose 0.3% and 0.4% respectively.
The U.S. stock market has previously achieved weekly gains. Stocks rallied on Friday after President Trump said the level of sanctions he had threatened to impose on China was "unsustainable." At the same time, the Trump administration has recently exempted dozens of products from reciprocal restrictions and may further cancel restrictions on more products.
At the same time, the U.S. government shutdown has entered its third week, and Democrats and Republicans are still deadlocked on the issue of federal medical subsidies. Economists warn that a prolonged stalemate could weaken short-term GDP growth, but most believe any slowdown in growth will be temporary.
The federal government shutdown has suspended the release of a number of key inflation data and employment data critical to the Fed's decision-making.
Analysts expect inflation to remain high.The data could have a key impact on the Fed's interest rate path, which meets next week and makes interest rate decisions.
In addition, this week's earnings season will peak. Companies suchas Netflix (NFLX),Coca-Cola(KO),Tesla(TSLA) andIntel(INTC) will be the first to report earnings.
Last weekend, the precious metals sector as a whole suffered a sharp sell-off. On Monday, gold futures (GC=F) prices fluctuated between ups and downs as signals of easing tensions between the United States and China boosted market sentiment.
After Asian markets opened on Monday, gold prices were basically flat after slight fluctuations, continuing the volatile trend since last Friday, when gold prices fell 1.7% on Friday, the largest one-day decline since May. Silver prices first fell by 1.2%, then narrowed; on the previous trading day, silver closed down 4.3% on signs that London's tight silver inventory may ease.
Technical indicators including the Relative Strength Index (RSI) suggest that the "frenetic rally" of precious metals that started in August and pushed gold and silver to record highs last week may have overheated, setting the stage for a subsequent price correction.